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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (16,510) $ 4,744
Adjustments to reconcile net income (loss) to net cash provided by operations:    
Exploration and abandonment expense 32 49
Depletion, depreciation and amortization expense 17,024 12,963
Accretion expense 54 35
Stock-based compensation expense 3,976 966
Amortization of debt issuance costs 645 29
Amortization of original issue discount on senior notes 893 0
Derivative-related activity 41,633 0
Deferred income taxes (312) 1,115
Changes in operating assets and liabilities:    
Accounts receivable (6,789) (9,193)
Prepaid expenses, inventory and other assets (941) (12)
Accounts payable, accrued liabilities and other current liabilities 10,242 677
Net cash provided by operating activities 49,947 11,373
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to crude oil and natural gas properties (165,099) (44,875)
Changes in working capital associated with crude oil and natural gas property additions 20,644 13,263
Acquisitions of crude oil and natural gas properties (6,348) (309)
Other property additions (96) 0
Net cash used in investing activities (150,899) (31,921)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of senior unsecured notes, net of discount 210,179 0
Repayments under revolving credit facility (115,000) 0
Borrowings under revolving credit facility 15,000 0
Proceeds from exercises of warrants 779 5,466
Proceeds from subscription receivable from exercises of warrants 0 3,596
Proceeds from exercises of stock options 75 1,574
Debt issuance costs (6,449) (2)
Dividends paid (2,382) 0
Dividend equivalents paid (214) 0
Stock offering costs (55) 0
Net cash provided by financing activities 101,933 10,634
Net increase (decrease) in cash and cash equivalents 981 (9,914)
Cash and cash equivalents, beginning of period 34,869 19,552
Cash and cash equivalents, end of period 35,850 9,638
Supplemental disclosure of non-cash transactions:    
Interest paid 1,081 4
Income taxes paid 0 0
Stock issued for acquisition 156,600 0
Additions to asset retirement obligations $ 768 $ 153